Are Short Sales going mainstream? - 08/13/10 09:08 PM
As in Florida, so in California.  Short sales will be around for awhile.  Well, if I had a crystal ball, but I don't, I would tell you exactly how long.
 
Via Mike Glastonbury (Deep Creek Realty):
As I go about my daily business of conducting short sales in the North Port, Port Charlotte and Punta Gorda areas of southwest Florida, I've noticed an interesting trend.
While in the past it was generally expected that you had to have some kind of hardship to qualify for a short sale, now the mere presence of a deficit between what you owe and what your … (3 comments)

The basics on why foreclosure is NOT a valid choice for homeowners right now - 08/13/10 07:44 PM
Ralph Gorgolione writes a must-read blog for anyone considering foreclosure over short sale.
 
Via Ralph Gorgoglione (Relocation Certified -HAFA Certified -John Aaroe Group, Inc.):
The basics on why foreclosure is NOT a valid choice for homeowners right now
There are many people who think that foreclosure is a valid option for distressed properties at this time.
IT IS NOT!
In fact, I had a mortgage lender in my presence today state that just walking away from your home if you are in a distressed position is the best thing to do.
I could have conked him over the head!!!  I immediately … (0 comments)

Diamond Valley Lake - the Jewel of California Lakes - Right in Our Backyard in Hemet, California - 08/11/10 02:31 PM


Diamond Valley Lake, one of the largest reservoirs in Southern California, offers boating and fishing, as well as over 21 miles of hiking, bicycling and equestrian trails.
Hours: 6:30 am to 6:00 pm
There are two entrances: North entrance - follow the signs on Domenigoni Parkway West entrance - Winchester Road (Hwy79)
For more information visit the Diamond Valley Lake website.
… (2 comments)

What Everybody Ought to Know About Short Sales - 08/03/10 04:43 PM

If you've ever watched HGTV then you're probably familiar with the term "flipping", but are you familiar with the term "flopping"?
Flopping is a scam that has surfaced as a result of the housing market crisis.  Picture a homeowner, who is behind on their mortgage payments and facing foreclosure, approached by an agent or broker with an offer to purchase their home with the promise of a short sale.  The offer is 10% or more, less than the true market value of the home, and the buyer is usually an LLC or investment company. 
The homeowner is thrilled to … (16 comments)

Countrywide to pay 600 million dollars - 08/03/10 01:21 PM
Countrywide, nation's largest corrupt home loan company gets a time out when bought out by Bank of America.  Now their punishment is to sit in the corner.   Hugh Fitzpatrick posts the latest news:
Via Hugh Fitzpatrick (New England Title):
I need to post this http://finance.yahoo.com/news/Countrywide-agrees-to-pay-apf-2517381110.html?x=0&sec=topStories&pos=main&asset=&ccode=. Just another example of greed which has taken over this country. Why aren't these people in jail?
… (2 comments)

Your blog … my blog …. to each his own - 08/03/10 01:16 PM
 
A blog for all blogs.  Great read by Rick Sterling.
 
Via Rick Sterling (EXIT Realty Professionals):
This is a rebuttal to a great Realtor and Blogger … Karen … I didn't want to take up all her white space with my comments to her blog post but I did want to respectfully disagree.  So you may want to link to Karen's thoughts in her blog first to make more sense of my post . "Wall to Wall Is for Floors, Not Blogs
Karen my dear Karen .. you and your followers are adding fuel to the fire and making fiction come … (2 comments)

Short Sale FAQ: Does It Cost Me Anything To Short Sale My Home? - 08/03/10 05:20 AM
Answer: No.
There are many misunderstandings about short sales. 
I am a Temecula short sale specialist.  I can take out the mystery of short sales and clarify the process for you.  A short sale may be the next best option to avoid foreclosure.
The Southern California Multiple Listing Service reported that short sales are up 74% throughout the region from last year.
Contact me today for a free, no-obligation consultation to discuss how I may help you.
… (2 comments)

Real Relief ... New Stiff Restrictions Coming For Debt Relief Companies - 08/02/10 07:37 PM
 
This is re-blogged courtesy of Gene Mundt.  This is significant change by FTC for consumer protection of debt relief companies who have been ripping off unaware, good people for some time.  It's definitely valuable information we should all be aware of to help our clients.
Thanks, Gene!
 
Via Gene Mundt (Chicago Bancorp):
     When asked by a customer about debt relief counseling or services, I always take the time to thoroughly examine and determine exactly what the nature of the person's debt is ... and how severe.  Many lenders will do the same, and proceed in assisting those customers … (0 comments)

 
Mcsweeney%20farms%20trail Rainmaker_large

Pamela Seley, REALTOR® Call 951.491.4063 | Temecula Valley CA

Pamela Seley, REALTOR®

Temecula, CA

More about me…

Bassett & Associates, REALTORS®

Cell Phone: (951) 491-4063

Email Me

Pamela Seley's Temecula Valley California Real Estate Blog ~ Have a question about buying or selling real estate in Southwest Riverside County California? Call 951.491.4063 Locations of visitors to this page
View Pamela Seley, REALTOR® of Bassett and Associates, REALTORS® Service Area in a larger map


Listings

Links

Archives

RSS 2.0 Feed for this blog